The Nueva Pescanova Group sold its vannamei shrimp farms and processing factory in Honduras at the end of 2017, the company said in an announcement on Monday, 5 February.

The move was part of Nueva Pescanova’s planned divestment of unprofitable and non-strategic assets, the Galicia, Spain-based company said in its release. The buyer of Novahonduras, the subsidiary, was not announced, but Nueva Pescanova said in its release that it had obtained a preferential supply commitment from the new owner.

In concert with its move in Honduras, Nueva Pescanova said it acquired a shrimp aquaculture farm in Nicaragua, boosting its shrimp production capacity by 7,000 metric tons (MT) annually. The company operates approximately 7,500 hectares of aquaculture farms in Central and South America, including farms operated by Promarisco in Ecuador, Camanica in Nicaragua, and Novaguatemala in Guatemala. Cumulatively, Nueva Pescanova’s shrimp farming operations produce more than 40,000 MT of vannamei shrimp annually.

“The cultivation, processing and commercialization of vannamei shrimp will continue to be key in the company's strategy,” Nueva Pescanova said in its release.

In addition to its shrimp farming, Nueva Pescanova also operates aquaculture farms producing turbot in Spain and tilapia in Brazil.